Denison Mines completes $345m convertible senior unsecured notes offering, with $300m upsized and $45m option exercised. Net proceeds of around $333m to fund uranium projects like Wheeler River. Cantor Fitzgerald and Scotia Capital act as bookrunners. Notes carry 4.25% interest, conversion rate of 342.9355 shares per $1,000 principal, premium of 35% over share price. Denison values potential conversion at up to $4.32 per share with capped call overlay. CEO David Cates appreciates support for unique offering. Notes can be converted to shares, cash, or both. Conversion restrictions until 2031, due to mature on 15 September 2031.

Read more at Yahoo Finance: Denison secures $345m in convertible notes offering to support uranium project